Metro Inc. (OTCMKTS:MTRAF) Sees Significant Drop in Short Interest

Metro Inc. (OTCMKTS:MTRAF) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totalling 1,368,400 shares, a drop of 22.8% from the August 31st total of 1,772,400 shares. Based on an average daily volume of 1,400 shares, the short-interest ratio is currently 977.4 days.

Metro Stock Performance

OTCMKTS:MTRAF remained flat at $63.38 during trading hours on Friday. The company’s stock had a trading volume of 18 shares, compared to its average volume of 17,884. The firm’s fifty day simple moving average is $61.08 and its 200-day simple moving average is $56.47. Metro has a 52-week low of $49.26 and a 52-week high of $63.93.

About Metro

Metro Inc, through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada. The company operates supermarkets, discount, neighborhood, and specialty stores that provide fresh and grocery products, baked goods, prepared food products, meats, dairy products, fruits and vegetables, frozen food products, bakery products, delicatessen items, and pastries.